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 12 Unbreakable Rules For Trend Trading - Top Forex Trading ...

12 Unbreakable Rules For Trend Trading - Top Forex Trading ...

/r/Forex Trading Community

Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Daytrading: Information for your everyday trader

Daytrading futures, forex, stocks, etc.
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Trading Psychology: Winning The Mental Game

🧠 Master your emotions; the markets will take care of the rest. This subreddit is dedicated to everything that is trading psychology.
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Gain More and Be Ready to Lose Something #forex #trading #rules #success #loss #win #plan #trade #wetalktrade

Gain More and Be Ready to Lose Something #forex #trading #rules #success #loss #win #plan #trade #wetalktrade submitted by Wetalktrade to wetalktrade [link] [comments]

Gain More and Be Ready to Lose Something #forex #trading #rules #success #loss #win #plan #trade #wetalktrade

Gain More and Be Ready to Lose Something #forex #trading #rules #success #loss #win #plan #trade #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

What are your Forex Trading Rules?

Hey guys I'm trying to drum up a set of rules for myself and paste it on my computer so I dont forget, just wanted to get some inspiration and see what type of rules other people have. (I realize most rules depend on the system, style of trading etc. I just want to see some general rules with a possible explanation for learning purposes)
submitted by Piptrader to Forex [link] [comments]

Right rules and perfect methods make a successful trader. #tradingrules #tradingplan #pricecharts #successfultrader #forex #trading #traderpulse

Right rules and perfect methods make a successful trader. #tradingrules #tradingplan #pricecharts #successfultrader #forex #trading #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex

1. Avoid forex trading software that claims to guarantee returns

While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?

2. Always use a demo trading account

We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.

3. Forex trading can be highly stressful – avoid emotional trading

Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.

4. Invest in a solid forex education

Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.

5. You can learn to trade forex successfully

No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.

6. Manage your forex capital wisely

The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.

7. Manage your investment-per-trade wisely

This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!

8. Use common sense

If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.

9. Ensure you use risk protection strategies at all times

Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.

10. Be especially cautious about overextending yourself with leverage

Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.

The bottom line

By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to u/ShelSingh [link] [comments]

Rules for Trading Forex

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex
  1. Avoid forex trading software that claims to guarantee returns
While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?
  1. Always use a demo trading account
We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.
  1. Forex trading can be highly stressful – avoid emotional trading
Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.
  1. Invest in a solid forex education
Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.
  1. You can learn to trade forex successfully
No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.
  1. Manage your forex capital wisely
The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.
  1. Manage your investment-per-trade wisely
This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!
  1. Use common sense
If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.
  1. Ensure you use risk protection strategies at all times
Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.
  1. Be especially cautious about overextending yourself with leverage
Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.
The bottom line
By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to FxKings [link] [comments]

Rules Based Forex Trading

Rules Based Forex Trading
This illustrated article will give traders a set of 5 basic rules for forex trade entries, and also 3 basic rules for money management. These rules are for trading in the main forex trading session. Additional rules are provided for other situations and times of day. Trend based trading and more exact entry points.
https://www.forexearlywarning.com/blog/2015/02/08/rules-based-forex-trading/
Good Trading, Forexearlywarning

https://preview.redd.it/y25nokd608t41.jpg?width=497&format=pjpg&auto=webp&s=2449060679485daf6fb4e878c5f94e25ccc1b2e8
submitted by forexalerts to u/forexalerts [link] [comments]

Rules Based Forex Trading

Rules Based Forex Trading
This illustrated article will give traders a set of 5 basic rules for forex trade entries, and also 3 basic rules for money management. These rules are for trading in the main forex trading session. Additional rules are provided for other situations and times of day. Trend based trading and more exact entry points.
https://www.forexearlywarning.com/blog/2015/02/08/rules-based-forex-trading/
Good Trading, Forexearlywarning

https://preview.redd.it/lzwwp9k4pza41.jpg?width=447&format=pjpg&auto=webp&s=51872150a646fa6f9221e80cde5cdcb2e7ef3e27
submitted by forexalerts to u/forexalerts [link] [comments]

So I recently learned about Dodd-Frank.

Alright so I was over at politics and some politician wanted to reverse net neutrality, the administration’s carbon and coal ash rules, and the Dodd-Frank financial regulations.
Well net neutrality is pretty damned important to me, regulating carbon and coal ash sounds pretty important as well. Then there is Dodd frank. On paper everything sounded great
an Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
If we can regulate those too big to fail so they don't fail again so we have to bail them out again I'm all for it.
Well turns out the Dodd-Frank financial regulations forced CFTCs hands according to the article also linked later
Alright so I'm starting to get interested in the Forex market. Turns out the CFTC has recently made it illegal to trade with Forex brokers outside of the US, and all brokers within the US have to be regulated by the CFTC. Now what comes with that? Well 50:1 leverage which is to small. This article written at the time played right into the CFTCs hands praising them for choosing 50:1 over 10:1 when we all know that damned classic tactic of baiting to get what you want. If both options are shit you seem like a good person for choosing the non liquid shit. On top of that there is no hedging which as it turns out causes a major issue for me. Ctrader allows for hedging built in which means you can't use it within the US market since CFTC regulates all the brokers in the US that US citizens are required to use. Ctrader is just so much easier to use than the clunky 10 year old metatrader
TL;DR Dodd frank regulations forced the CFTC. That caused the CFTC to create shitty leverage force you into shitty programs with shitty or $10,000 entry US brokers that fuck over smaller Forex traders in the US. Which simultaneously locks you into shitty outdated programs for trading.
Go figure they hide something to fuck over the little guy in a legislation made to prevent the largest banks in the US from fucking up again.
submitted by MINIMAN10000 to rant [link] [comments]

Rules Based Forex Trading

Rules Based Forex Trading
This article will give traders a set of 5 basic rules for forex trade entries, and also 3 basic rules for money management. These rules are for trading in the main forex trading session. Additional rules are provided for other situations and times of day. Trend based trades.
https://www.forexearlywarning.com/blog/2015/02/08/rules-based-forex-trading/
Traders can also download our FREE mobile app, which tells you when the market starts consistent movements across 8 different currencies.
https://www.forexearlywarning.com/blog/2019/07/19/forex-mobile-app/

https://preview.redd.it/tdw0u55zwwu31.jpg?width=450&format=pjpg&auto=webp&s=40513ec639877aa1a3b881157451b0f30714deca
Good Trading, Forexearlywarning
submitted by forexalerts to u/forexalerts [link] [comments]

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Applying the 80 – 20 Rule to Forex Trading

Applying the 80 – 20 Rule to Forex Trading submitted by ososru to Bitcoin4free [link] [comments]

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset submitted by Rufflenator to 3bitcoins [link] [comments]

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset submitted by Leka213 to CryptocurrencyToday [link] [comments]

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset

Forex Psych 101 – 5 Rules to Strengthening Your Trading Mindset submitted by ososru to Bitcoin4free [link] [comments]

Applying the 80 – 20 Rule to Forex Trading

Applying the 80 – 20 Rule to Forex Trading submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Applying the 80 – 20 Rule to Forex Trading

Applying the 80 – 20 Rule to Forex Trading submitted by Leka213 to CryptocurrencyToday [link] [comments]

Forex Trading Robot – The 4 Week Rule A Free Robot That Works!

Forex Trading Robot – The 4 Week Rule A Free Robot That Works! submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Forex Trading Robot – The 4 Week Rule A Free Robot That Works!

Forex Trading Robot – The 4 Week Rule A Free Robot That Works! submitted by Rufflenator to 3bitcoins [link] [comments]

Applying the 80 – 20 Rule to Forex Trading

Applying the 80 – 20 Rule to Forex Trading submitted by Rufflenator to 3bitcoins [link] [comments]

Forex Trading Robot – The 4 Week Rule A Free Robot That Works!

Forex Trading Robot – The 4 Week Rule A Free Robot That Works! submitted by ososru to Bitcoin4free [link] [comments]

My FOMC Trading Rules for Day Trading Forex, Futures, & Stocks | Algos

My FOMC Trading Rules for Day Trading Forex, Futures, & Stocks | Algos submitted by VinnyEmini to u/VinnyEmini [link] [comments]

7 Basic Forex Rules for Beginners, Simplify Your Forex ... 1.2 3 rules of trading the markets - YouTube Basic Rules Of Forex Trading - YouTube The 3 Rules of Entering a Forex Trade  Trader Tips - YouTube 12 RULES OF FOREX TRADING SUCCESS - YouTube

Trend trading can make you lots of money in the forex market if you can:. correctly identify trends; get into a trade at the right time; and ride out the trend; So here are 12 Trend Trading Rules every forex trader needs to know and follow: #1: Trade What You See, Not What You Think Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please […] Currency traders in the spot forex market can choose to be taxed under the same tax rules as regular commodities 1256 contracts or under the special rules of IRC Section 988 for currencies. Forex Trading Rules help to trade at the right moment, in the right way, and at the right price. These 10 rules a little part of all my rules for Forex Trading and for Stocks Trading. They are useful and show what is a right Mindset of Succesful Forex Traders. A trading plan is a written set of rules that specifies a trader's entry, exit and money management criteria for every purchase. With today's technology, it is easy to test a trading idea before ...

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7 Basic Forex Rules for Beginners, Simplify Your Forex ...

http://www.forexstrategysecrets.com By following some basic rules to forex trading you can skip many of the pitfalls new traders come in contact with. http://www.capexforextrading.com/forex-trading-basics Trading is not something that anyone can do without following a set of rules. Therefore, the following ... If you're looking to craft a forex trading entry strategy but don't know where to start, then I'm going to teach you these entry rules so that you can know h... 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://www.toptradersfx.com/academy (Our Academy is 1v1 ... These 12 RULES OF FOREX TRADING will help you become a MASTER TRADER! Trading is 90% psychology, if you're mind is BAD then so will your finance be. So. Let'...

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